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  "documentTitle": "Heska Corporation (HSKA)",
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  "authorName": "Spruce Point Capital Management",
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      "text": "A 750 bps downward revision in target gross margins isn't usually met with such shareholder enthusiasm?",
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      "text": "Since the scil deal was signed on January 14, 2020, Heska was presumably negotiating with the gross margin-challenged scil when it provided this guidance?",
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      "text": "Less than two months before the scil transaction was announced, Heska told investors that it was targeting 2022 gross margins of 49.5%. The current plan is 42% at the midpoint.",
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      "text": "Heska November 2019 Investor Presentation",
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      "text": "Heska June 2021 Investor Presentation",
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      "text": "gross margin: 49.5%",
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      "text": "Source: Heska November 2019 Investor Presentation, Heska June 2021 Investor Presentation",
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      "kind": "title",
      "text": "In Fact, The scil Acquisition Crushed Heska's Gross Margin Expansion Plans",
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